The three largest markets
When it comes to global markets, there are three markets that actually stand out from the rest. Many businesses want to operate in these markets. The United States, China, and the European Union are three of the largest markets in the world. This makes them the most lucrative markets on earth. If you take a look at the worlds 2000 largest companies you would realize that a vast majority of companies operate or are located in these markets. China has become a dominant player in the global economy. This is due to the country’s liberal reforms and economic market changes. However, people still complain that the Chinese market is still hostile to foreign businesses. This has led to a clash with the United States as they are bitterly locked in a trade dispute. The Chinese market is one of the largest markets in the world. This is due to the country’s large population size and growing middle class.
What makes the three largest markets?
For any e-commerce business, there is always the question of what makes these markets the three largest markets in the world. Population size and e-economic development. A country with a population of the United States has an easy time when it comes to being one of the largest markets. India has a larger population but a vast majority of the people still leave in poverty. This has led to India not being the largest market. The United States on average has a large population with a large middle income. The main reason why the United State has such a large market is due to its open economic policies. China currently has restrictions on businesses which hinder its rapid growth.
The largest markets compared
The European Union is actually not a single country but a collection of countries in the European market. This body has its headquarters in Belgium. The United States is the largest market by economic output and it functions as one country. This is why it has been so successful. China is under a communist regime which has influenced its slow development over the past years. With political and economic reforms China is set to take a leading role in the global economy.